Enacted Budget – Fiscal Year 2027
On June 29, the Financial Oversight and Management Board for Puerto Rico certified the fiscal 2027 budget that was developed jointly by the Oversight Board, the Governor, and the Legislative Assembly. The total budget for fiscal 2027 is $33.6 billion. General fund spending in the budget totals $13.2 billion. The fiscal 2027 budget holds expenditures roughly flat from fiscal 2026’s levels reflecting slowing tax collection and uncertainty around the government’s future revenue. The budget prepares the government for the continued loss of federal funding and rising Medicaid costs.
The Financial Oversight and Management Board commented that the budget is a step forward on the path to fulfill the Puerto Rico Oversight, Management, and Economic Stability Act’s (PROMESA) mandate of fiscal responsibility. The budget makes investments in health, education, public safety, housing, and government pensions. It also includes funding for infrastructure investments, care services for disabled adults and seniors, childcare services, and salary increases for police and corrections officers.